FX.co ★ KOSPI Rises for Fourth Session as Trade Talks Advance

The KOSPI index climbed by 0.70% to reach approximately 3,250 on Wednesday, marking its fourth consecutive rise and hitting a 4-year high, buoyed by diminishing trade uncertainties. The South Korean finance ministry announced that Finance Minister Koo Yun-cheol, Industry Minister Kim Jung-kwan, and Trade Minister Yeo Han-koo convened for a two-hour discussion with U.S. Commerce Secretary Howard Lutnick in Washington on Tuesday, aimed at resolving bilateral trade issues before the Friday deadline. Concurrently, Samsung Electronics Co. Chairman Lee Jae-yong is currently in the United States to support the ongoing trade talks. His visit highlights the strategic importance of collaboration in semiconductors and technology, with a focus on advancing U.S. investment plans, including semiconductor and AI chip manufacturing projects. Leading gainers included Naver, up 2.36%, Kakao, which rose 2.14%, Samsung Electronics at a 1.98% increase, Kia Corporation with a 1.61% rise, and SK Hynix climbing 0.57%.